Stone, a young defenseman, came into his own last season with the Coyotes, where he posted five goals and four assists for nine total points over 48 games, all of which were career highs for a season.

"We are pleased to sign Michael to a multi-year contract," said Phoenix Coyotes General Manager Don Maloney in a release.. "Michael is a big, strong, versatile young defenseman who has quickly developed into solid blueliner for our hockey team. We are looking forward to having him in our lineup this season."

In his career, Stone has scored six goals and six assists.

"I am excited to be back with the Coyotes," said Stone in a release. "We have a great group of defensemen and coaches here and I'm looking forward to working hard and getting better next season."